Power System Economic Analysis II
Electrical Engineering
Institute of Natural and Applied Sciences
Second Cycle (Master's Degree)
| Course Unit Title | Course Unit Code | Type of Course Unit | Level of Course Unit | Year of Study | Semester | ECTS Credits |
|---|---|---|---|---|---|---|
| Power System Economic Analysis II | MEL518 | Elective | Master's degree | 1 | Spring | 8 |
Name of Lecturer(s)
Assistant Prof. Dr. Necmi Cemal ÖZDEMİR
Learning Outcomes of the Course Unit
1) Students will be able to analyse power systems using economic parameters and methods.
2) Solve electricity production cost for all type of power plants
Program Competencies-Learning Outcomes Relation
| Program Competencies | |||||||||||
| 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | ||
| Learning Outcomes | |||||||||||
| 1 | Low | No relation | No relation | No relation | Middle | No relation | No relation | No relation | No relation | No relation | |
| 2 | Low | No relation | No relation | No relation | Low | No relation | No relation | No relation | No relation | No relation | |
Mode of Delivery
Face to Face
Prerequisites and Co-Requisites
None
Recommended Optional Programme Components
Not Required
Course Contents
Fundamental principles of cost accounting and their applications to power systems/ Introduction to fixed cost and variable cost of power plants/ Escalation and Exchange rate differences/ Cost functions of power plants/ Calculation of electricity production costs per kWh for various type power plants (Thermal, hydro, nuclear, geothermal, solar, wind, waste)/ Economic power dispatch for thermal power plants/ Income table and balance sheet for power plants/ Calculation of installation cost per kilometer for overhead lines and underground/submarine cables/ Calculation of right-of-way costs for power systems
Weekly Schedule
1) Fundamental definitions for cost accounting2) Fixed and variable cost components of power plants
3) The parameters affecting installation cost of power plants (interest, escalation and exchange rate differences)
4) Calculation of electricity production cost per kWh for thermal power plants (for lignite, coal and natural gas -fired power plants)
5) Calculation of electricity production cost per kWh for hydro power plants
6) Calculation of electricity production cost per kWh for nuclear power plants
7) Calculation of electricity production cost per kWh for geothermal power plants
8) Calculation of electricity production cost per kWh for wind power plants
9) Calculation of electricity production cost per kWh for solar and waste-fired power plants
10) Economic power dispatch for thermal power plants
11) Income table and balance sheet for power plants
12) Calculation of installation cost per kilometer for overhead power lines
13) Calculation of installation cost per kilometer for underground cable projects Calculation of installation cost per kilometer for submarine cable projects Calculation of right-of-way costs for power systems
14) Calculation of installation cost per kilometer for underground cable projects, Calculation of right-of-way costs for power systems
Recommended or Required Reading
Planned Learning Activities and Teaching Methods
Assessment Methods and Criteria
Contribution of Quiz to Course Grade |
30% |
|---|---|
Contribution of Final Examination to Course Grade |
70% |
Total |
100% |
Language of Instruction
Turkish
Work Placement(s)
Not Required